v3.25.2
Consolidated Statement of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Preferred Stock [Member]
Effect of Adopting ASU No. 2016-13 ("CECL") [Member]
Preferred Stock [Member]
Adjusted Balance [Member]
Preferred Stock [Member]
Common Stock [Member]
Effect of Adopting ASU No. 2016-13 ("CECL") [Member]
Common Stock [Member]
Adjusted Balance [Member]
Common Stock [Member]
Additional Paid-In Capital [Member]
Adjusted Balance [Member]
Additional Paid-In Capital [Member]
Retained Earnings [Member]
Effect of Adopting ASU No. 2016-13 ("CECL") [Member]
Retained Earnings [Member]
Adjusted Balance [Member]
Retained Earnings [Member]
Treasury Stock [Member]
Adjusted Balance [Member]
Treasury Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Adjusted Balance [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Effect of Adopting ASU No. 2016-13 ("CECL") [Member]
Adjusted Balance [Member]
Total
Beginning balance at Dec. 31, 2022 $ 217,167 $ 217,167 $ 2,870 $ 117,979 $ 115,109 $ (34,531) $ (34,531) $ (6,491) $ (6,491) $ 2,870 $ 294,124 $ 291,254
Net Income (Loss)                 16,710             16,710
Other comprehensive income (loss)                         (2,930)     (2,930)
Exercise of stock options           418                   418
Stock-based compensation expense           217                   217
Treasury Stock Purchases                     (3,816)         (3,816)
Dividends payable on noncumulative perpetual preferred stock                 (347)             (347)
Cash dividends on common stock (per share declared)                 (5,280)             (5,280)
Dividend reinvestment plan           195     (195)              
Stock Purchase Plan           527                   527
Ending balance at Jun. 30, 2023           218,524     128,867   (38,347)   (9,421)     299,623
Beginning balance at Mar. 31, 2023           218,200     123,121   (37,090)   (6,613)     297,618
Net Income (Loss)                 8,604             8,604
Other comprehensive income (loss)                         (2,808)     (2,808)
Stock-based compensation expense           111                   111
Treasury Stock Purchases                     (1,257)         (1,257)
Dividends payable on noncumulative perpetual preferred stock                 (174)             (174)
Cash dividends on common stock (per share declared)                 (2,593)             (2,593)
Dividend reinvestment plan           91     (91)              
Stock Purchase Plan           122                   122
Ending balance at Jun. 30, 2023           218,524     128,867   (38,347)   (9,421)     299,623
Beginning balance at Dec. 31, 2023           223,966     135,927   (38,347)   (7,491)     314,055
Net Income (Loss)                 8,683             8,683
Other comprehensive income (loss)                         (304)     (304)
Issuance of Series preferred stock           3,360                   3,360
Stock-based compensation expense           397                   397
Dividends payable on noncumulative perpetual preferred stock                 (882)             (882)
Cash dividends on common stock (per share declared)                 (5,202)             (5,202)
Dividend reinvestment plan           217     (217)              
Stock Purchase Plan           625                   625
Ending balance at Jun. 30, 2024           228,565     138,309   (38,347)   (7,795)     320,732
Beginning balance at Mar. 31, 2024           227,459     138,643   (38,347)   (7,624)     320,131
Net Income (Loss)                 2,817             2,817
Other comprehensive income (loss)                         (171)     (171)
Issuance of Series preferred stock           670                   670
Stock-based compensation expense           202                   202
Dividends payable on noncumulative perpetual preferred stock                 (448)             (448)
Cash dividends on common stock (per share declared)                 (2,594)             (2,594)
Dividend reinvestment plan           109     (109)              
Stock Purchase Plan           125                   125
Ending balance at Jun. 30, 2024           228,565     138,309   (38,347)   (7,795)     320,732
Beginning balance at Dec. 31, 2024           225,658     141,853   (38,347)   (5,239)     323,925
Net Income (Loss)                 (4,760)             (4,760)
Other comprehensive income (loss)                         1,140     1,140
Issuance of Series preferred stock           520                   520
Stock-based compensation expense           551                   551
Dividends payable on noncumulative perpetual preferred stock                 (964)             (964)
Cash dividends on common stock (per share declared)                 (5,347)             (5,347)
Dividend reinvestment plan           155     (155)              
Stock Purchase Plan           670                   670
Ending balance at Jun. 30, 2025           227,554     130,627   (38,347)   (4,099)     315,735
Beginning balance at Mar. 31, 2025           227,047     130,291   (38,347)   (4,269)     314,722
Net Income (Loss)             $ 3,564             $ 3,564   3,564
Other comprehensive income (loss)                         170     170
Stock-based compensation expense           230                   230
Dividends payable on noncumulative perpetual preferred stock                 (482)             (482)
Cash dividends on common stock (per share declared)                 (2,668)             (2,668)
Dividend reinvestment plan           78     (78)              
Stock Purchase Plan           199                   199
Ending balance at Jun. 30, 2025           $ 227,554     $ 130,627   $ (38,347)   $ (4,099)     $ 315,735